19 Jul '11, 1pm

Drop the dogma, and get the drachma. Greece can easily have two currencies | Tony Greenham

Drop the dogma, and get the drachma. Greece can easily have two currencies | Tony Greenham

However, there have been and still are many examples of parallel or multi-level currencies serving a useful purpose within national boundaries. The best known is probably the Swiss WIR, founded after the 1929 crash and still functioning successfully today, helping to underpin the rock solid Swiss economy. There are good reasons for believing that the reintroduction of the drachma as the national currency of Greece could take place alongside the continued acceptance of the euro as payment for both foreign and internal transactions.

Full article: http://www.neweconomics.org/blog/2011/07/19/greece-can-ha...

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